What is the global market size of the Europe Electric Scooter Market?

Europe Electric Scooter Market size was valued at USD 14.28 billion in 2021, and USD 17.74 in 2022 and it is expected to reach a value of USD 100.42 billion in 2030, at a CAGR of 24.2% over the forecast period (2022-2028).

Europe Electric Scooter Market Size, Share, Growth Analysis, By Type(Electric Motorcycles, E-Scooters & Bikes), By Battery Technology(Lithium-ion Battery, Sealed Lead Acid Battery, Lithium-ion Polymer Battery), By Region - Industry Forecast 2024-2031

Report ID: SQMIR25C2121 | Region: Regional | Published Date: February, 2024
Pages: 265 | Tables: 62 | Figures: 69

Europe Electric Scooter Market Dynamics

Europe Electric Scooter Market Drivers

Rise of E-Commerce to Boost Growth for Electric Scooter Market

The market for electric bikes and scooters in Europe is benefiting from the expansion of e-commerce platforms. Both consumers and sellers find it more convenient to conduct transactions online. Online platforms also enable consumers to access a variety of brands and assist businesses in expanding their customer base.

Significant technological advancements in service delivery and concern about greenhouse gas emissions are the main drivers of the European electric scooter market.

Europe Electric Scooter Market Restraints

Recent Pandemic Hindered Automobile Industry

Due to employment and income cuts, even people are experiencing financial hardship, which is why they are not spending money on non-essential items like cars. Many economic sectors were badly impacted by the COVID-19 epidemic, including the urban transportation and automobile industries. Major manufacturers were forced to entirely shut down or operate at reduced capacity as a result of government directives.

Europe Electric Scooter Market Report Snapshots

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Europe Electric Scooter Market size was valued at USD 14.28 billion in 2019, and USD 17.74 in 2019 and it is expected to reach a value of USD 100.42 billion in 2019, at a CAGR of 24.2% over the forecast period (2024-2031).

The market for electric motorcycles and scooters in Europe is highly competitive. Gogoro Inc., Askoll EVA SpA, Niu Technologies, and GOVECS AG are a few of the leading market participants. Players in the European market have recently been actively participating in product introductions to remain ahead of the competition. 'ogoro', 'GOVECS AG', 'Torrot Electric Europa SA', 'Askoll EVA SpA', 'Piaggio & C. SpA', 'BMW AG', 'Kwang Yang Motor Co.', 'Niu Technologies', 'Raig Motors Corp', 'Zero Motorcycle Inc.', 'Scutum Logistic SL', 'Alta Motors', 'Etrix AG', 'Emco elektroroller GmbH.'

The market for electric bikes and scooters in Europe is benefiting from the expansion of e-commerce platforms. Both consumers and sellers find it more convenient to conduct transactions online. Online platforms also enable consumers to access a variety of brands and assist businesses in expanding their customer base.

The increasing adoption of electric motorcycles and e-bikes for short commutes, the increasing deployment of electric scooters for ride-sharing services in Europe, and the implementation of stringent emission regulations are all contributing to the growth of this market. Furthermore, rising health awareness among millennials provides lucrative opportunities for market growth.

On the basis of region, Italy accounted for the largest share of the European electric scooters market in 2021. The large market share of this country is attributed to major key players in the country investing in the development of electric vehicles. However, Sweden is slated to register the highest CAGR during the forecast period. Growing consumer interests in the adoption of EVs over traditional vehicles, the increasing number of projects undertaken by the companies operating in the electric mobility industry, and growing government support for enhancing EVs' sales across the country are factors anticipated to drive the growth of this market in Sweden.

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Europe Electric Scooter Market Size, Share, Growth Analysis, By Type(Electric Motorcycles, E-Scooters & Bikes), By Battery Technology(Lithium-ion Battery, Sealed Lead Acid Battery, Lithium-ion Polymer Battery), By Region - Industry Forecast 2024-2031

Europe Electric Scooter Market Dynamics

Europe Electric Scooter Market Report Snapshots

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